Canada's Talisman Energy to cut up to 15 pct of head office jobs

CALGARY, Alberta, March 18 (Reuters) - Talisman Energy Inc
, the Canadian oil and gas company being acquired
Spain's Repsol SA, plans to cut as much as 15 percent
of staff at its Calgary head office as a result of collapsing
crude oil prices, a company spokesman said.

Around 150 to 200 employees and contractors will be laid
off, Talisman spokesman Brent Anderson said, and employees will
be notified beginning this week.

Other Canadian producers that have already announced job
cuts include CNOOC-owned Nexen Energy, Suncor Energy
Inc and Royal Dutch Shell.

"With low oil prices we have reduced our 2015 capital
spending plans and with that reduced activity comes the
requirement to make (job) reductions," Anderson said. "No oil
company is immune to the low oil price and we are no exception."

Talisman cut its capital spending this year to $2.1 billion,
down about 30 percent from 2014 levels, joining a slew of other
Canadian producers who slashed budgets as crude prices tumbled.

Benchmark U.S. crude prices hit a six-year low of
$42.05 a barrel on Wednesday and have more than halved since
last June.